Coinbase is expanding its derivatives offerings again. The exchange will open perpetual futures markets for $GRAM, $GRASS, $QNT and $ZRO on November 13, 2026, with trading scheduled to start at or after 12:00 PM UTC.
The announcement was made on November 11, 2026, giving traders two days to prepare.
The assets represent a messaging-app blockchain, a bandwidth-sharing network, an enterprise interoperability project and a cross-chain messaging protocol.
What Coinbase is launching
Perpetual futures, also known as perps, are derivative contracts that track an asset’s price and have no expiry date. They allow traders to wager on price increases or declines without owning the underlying token. Perps also typically involve leverage, magnifying both gains and losses.
The new markets will be available to retail and institutional participants through Coinbase and Coinbase Advanced, the exchange’s more feature-rich trading interface.
In selected jurisdictions, liquidity will also come from Deribit.
Deribit is launching a parallel rollout of its own, listing $USDC-settled perpetual contracts for the same four tokens, along with a fifth token, PEARL, which is not on Coinbase’s list.
With $USDC settlement, profits and losses are paid in the dollar-pegged stablecoin rather than the token being traded.
Four tokens, four very different bets
$GRAM is The Open Network’s native token. It was traded as Toncoin (TON) until the network rebranded in June 2026, and the network has been integrated with Telegram.
$GRASS powers a Solana-based DePIN network. For $GRASS, the resource is unused internet bandwidth, which the network uses to collect data for AI. The token has a fixed supply of 1 billion.
$QNT is the token associated with Quant Network’s Overledger, a system designed to help enterprise blockchains communicate with one another. $QNT is used for Overledger licensing and Fusion Rollup fees. Its fixed supply is approximately 14.6 million tokens.
$ZRO is LayerZero’s governance token. LayerZero is a cross-chain messaging framework that allows separate blockchains to exchange messages and instructions. Holders of $ZRO have a say in governing the protocol.
Demand is already there
These markets are entering an established landscape. Open interest for $ZRO and $QNT on other platforms is already in the tens of millions of dollars.
The launch also coincides with a broader effort by Coinbase Prime, the company’s institutional arm, to expand institutional access to crypto markets.
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